Linde PLC $LIN Shares Newly Purchased by Loring Wolcott & Coolidge Fiduciary Advisors LLP MA

Loring Wolcott & Coolidge Fiduciary Advisors LLP MA purchased a new stake in shares of Linde PLC (NASDAQ:LIN) in the third quarter, according to the company in its most recent disclosure with the SEC. The institutional investor purchased 3,502 shares of the basic materials company’s stock, valued at approximately $1,662,000.

A number of other hedge funds and other institutional investors have also bought and sold shares of LIN. State Street Corp grew its position in shares of Linde by 3.7% in the 2nd quarter. State Street Corp now owns 20,344,181 shares of the basic materials company’s stock worth $10,558,016,000 after buying an additional 719,052 shares during the last quarter. Amundi increased its stake in shares of Linde by 13.4% during the first quarter. Amundi now owns 3,162,409 shares of the basic materials company’s stock valued at $1,567,796,000 after buying an additional 373,012 shares during the period. Dimensional Fund Advisors LP raised its holdings in shares of Linde by 2.4% during the first quarter. Dimensional Fund Advisors LP now owns 2,740,541 shares of the basic materials company’s stock valued at $1,358,712,000 after acquiring an additional 64,078 shares in the last quarter. Arrowstreet Capital Limited Partnership raised its holdings in shares of Linde by 28.6% during the first quarter. Arrowstreet Capital Limited Partnership now owns 1,624,728 shares of the basic materials company’s stock valued at $805,475,000 after acquiring an additional 361,664 shares in the last quarter. Finally, Swiss National Bank raised its holdings in shares of Linde by 6.6% during the first quarter. Swiss National Bank now owns 1,370,361 shares of the basic materials company’s stock valued at $679,370,000 after acquiring an additional 85,360 shares in the last quarter. Institutional investors own 82.80% of the company’s stock.

Linde Price Performance

LIN stock opened at $508.83 on Monday. Linde PLC has a fifty-two week low of $387.78 and a fifty-two week high of $548.20. The company has a market capitalization of $234.56 billion, a price-to-earnings ratio of 32.87, a price-to-earnings-growth ratio of 2.97 and a beta of 0.71. The business’s 50 day moving average price is $480.55 and its two-hundred day moving average price is $498.36. The company has a debt-to-equity ratio of 0.51, a quick ratio of 0.75 and a current ratio of 0.88.

Linde (NASDAQ:LIN) last released its earnings results on Friday, July 31st. The basic materials company reported $4.50 EPS for the quarter, beating analysts’ consensus estimates of $4.49 by $0.01. The company had revenue of $9.29 billion during the quarter, compared to analysts’ expectations of $9.02 billion. Linde had a return on equity of 20.09% and a net margin of 20.43%. The firm’s revenue for the quarter was up 9.3% compared to the same quarter last year. During the same quarter last year, the business posted $4.09 EPS. Linde has set its FY 2026 guidance at 17.700-17.900 EPS and its Q3 2026 guidance at 4.450-4.550 EPS. As a group, analysts forecast that Linde PLC will post 17.86 earnings per share for the current fiscal year.

Linde Dividend Announcement

The company also recently disclosed a quarterly dividend, which was paid on Thursday, September 17th. Shareholders of record on Thursday, September 3rd were issued a $1.60 dividend. The ex-dividend date was Thursday, September 3rd. This represents a $6.40 dividend on an annualized basis and a yield of 1.3%. Linde’s dividend payout ratio is 41.34%.

Wall Street Analyst Weigh In

A number of analysts recently commented on the company. Royal Bank Of Canada dropped their price target on Linde from $553.00 to $549.00 and set an “outperform” rating for the company in a research note on Thursday, October 15th. The Goldman Sachs Group set a $580.00 price objective on shares of Linde and gave the company a “buy” rating in a research report on Monday, August 10th. Argus decreased their price objective on shares of Linde from $563.00 to $538.00 and set a “buy” rating for the company in a report on Monday, September 28th. Sanford C. Bernstein restated an “outperform” rating on shares of Linde in a report on Monday, October 5th. Finally, Bank of America raised their target price on shares of Linde from $532.00 to $550.00 and gave the stock a “neutral” rating in a research report on Friday, July 17th. Three analysts have rated the stock with a Strong Buy rating, nineteen have issued a Buy rating and two have assigned a Hold rating to the stock. According to data from MarketBeat.com, the company presently has a consensus rating of “Buy” and a consensus target price of $547.10.

About Linde

Linde plc (NASDAQ:LIN) is a global industrial gases and engineering company. It produces and distributes atmospheric gases such as oxygen, nitrogen and argon, as well as hydrogen, helium, carbon dioxide and specialty gases. The company serves customers through packaged gases, bulk deliveries, on-site production and pipeline systems.

Linde’s products and services support a broad range of industries, including healthcare, food and beverage, manufacturing, chemicals, energy, refining, electronics and metals.